The increasing encroachment of chainstore competition on the livelihood of thousands of small Jewish merchants throughout the United States, and the consequent ousting of these men and women from America’s mercantile life, necessitates the finding of new channels of employment for them. This was the gist of an address delivered by Louis Lipsky, president of the Judea Life Insurance Company, and former president of the Zionist Organization of America, at a reception tendered to him last week at the Hotel Pennsylvania, New York, by the general sales agents of the company, who took the occasion to welcome him into the organization.
Discussing “New Trends in American-Jewish Economic Life,” Mr. Lipsky spoke on the part which the Judea Life Insurance Company, as a predominantly Jewish institution, can play in easing the tension created by the rise of combines in American business life. Referring to his travels throughout the country, which had brought him into contact with hundreds of cities and towns, Mr. Lipsky declared that Jewish business people were being forced to discontinue their business on account of chain stores and therefore had to seek other means of employment. He declared that eventually the Judea Life Insurance Company could become the means of giving many of these people employment, both in field and office work. Mr. Lipsky referred, incidentally, to the rising tide of prejudice in the public utilities and large corporations which show definite prejudice in their employment of help.
The meeting in honor of Mr. Lipsky was presided over by Moe Werbelovsky of Brooklyn, Zionist worker. The speakers who welcomed Mr. Lipsky were: Samuel Mason, executive vice-president of the Judea Life Insurance Company, and Rabbi Maurice Eisenberg of New York.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.